This fall I’m going to be going back to school to get my MBA. After being accepted to all three schools that I applied to, I’ve decided to go to Arizona State for a variety of reasons that you can read about my MBA category. It’s always seemed to be off in the semi-distant future, but in actuality it’s a little less than five months away. So I guess I’d better start getting everything in order before then.

Probably my biggest concern that I need to address is how to handle the fact that we own our home here in St. Louis and will now be moving to the Phoenix area. Originally I had thought that I would just try to put it on the market and try to sell it for at least what we paid for it and break even. It’s not like we live in one of the real estate markets that saw wild appreciation and is now suffering, but it’s not exactly an active seller’s market either.

So instead, I’ve finally made the decision to rent the house out when we leave. I’ve already done this sort of thing once when we moved out here to St. Louis, but I had the benefit of being able to let my parents manage the property that we left behind. This time I’m going to have to enlist the services of a property management company. To date I’ve only called one company, but I plan on making some more calls to ultimately find one that I’m comfortable with. Hopefully this will all work out, but I’ll keep you posted.

This time around I’m a little more concerned about things since I’ll be in school and won’t really have an income to fall back on if I need to carry things myself for awhile. I really think that this is going to be the best option though, and it’s something that I’ve always wanted to try out. Having a company handle/manage everything for me would be the best “hands off” approach to making it a passive investment. But if things get a little rough, I suppose I could always put up a donation button on this site and appeal to everyone’s good nature…

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